Agricultural Finance Databook: Agricultural Finance Conditions Turn

Agricultural Finance Databook: Agricultural Finance Conditions Turn

Spurred by higher input costs, national agricultural lending activity increased in the second quarter. After contracting at the beginning of the year, the total volume of farm loans at commercial banks ticked up as farmers and feedlot operators borrowed to pay for higher priced fuel, fertilizer and feed. In contrast, intermediate-term loans for machinery and equipment purchases contracted during the second quarter.